Job Description
Functional Job Title: : Balance Sheet Substantiation – ManagerReports to : Balance Sheet Substantiation – Senior Manager/AVPDepartment/ Division : Controllers/FinanceBackground: State Street Global Accounting Operations (GAO) is a process-driven function responsible for all Record-to-Report (R2R) processes within Controllers including:Integrated close and intercompany.Revenue accountingExpense accountingSpecialized product accountingCash and deposit governanceProject accountingBalance sheet substantiation and system to system reconciliationsTransfer pricingFinancial Systems SupportEach global process above is managed by a Global Process Owner (GPO) who owns all aspects of BAU production work, process re-engineering, and automation.Goal of the position:Accountable for all operational Balance Sheet Substantiation activities in the HubPartners with GPO to drive process and controls improvements and process automationAbility to partner with internal and other teams and ensure successful delivery of Balance Sheet Substantiation projects/initiativesResponsibilities & Tasks Include:Business as Usual (BAU) Activities:Ensure all Reconciliations are prepared in line with the requirements of the Balance Sheer Reconciliation PolicyEnsure proper reconciliation controls are in place and are adhered to at all timesClose monitoring of exceptions and providing timely update to management on the resolution statusEnsure that accounting processes and procedures are followed and completed to support and reinforce key business objectivesMeeting SLA requirements and maintaining high Balanced Scorecard ratingsWork closely with IT, Vendor and project team to improve the reconciliation processEscalate any issues to line manager and avoid any unfavorable impact on process delivery.Adhere to and complete all requirements of the GAO Control HubIdentify potential risks and remediation of process deficienciesCertification of self and team members on all trainings rolled out by the Learning and Development teams from time to time.Process Re-Engineering, Automation and Change ManagementPartnering with GPO, FRIBS and Technology to drive process re-engineering, automation and change managementPartner with various teams and ensure successful delivery of the projects/initiatives of Balance Sheet Substantiation TeamImplementation support of the GAO process re-engineering and automation (accounting technology roll-out, new entities set up, restructures, conversions)Job Requirements:Education and Experience:Bachelor/Master Degree in Finance or MBAAccounting Qualification (ACA, ACCA, CPA, CIMA) a plus8-10 years of progressive experience in Balance Sheet Substantiation, Accounting Operations, Controllers, Business Controls, Finance & Risk Assurance.Experience in controllership or reconciliations process in a Shared Services environment.Extensive experience and knowledge of the US GAAP and IFRS accounting standards.Hands on experience in creating and maintaining strong controls environment.Skills required:Proficiency in Microsoft Office suite (Excel, Access, PowerPoint, Word, Visio), advance levels of Excel (pivot tables, formulas, excel workbook maintenance best practices)Knowledge of Hyperion Essbase, Oracle Financials (ARCS) is preferred.Independent decision-making capabilities, demonstrated thought leadership.Pride of ownership with the ability to deliver high quality results timelySelf-motivated, self-assured, and self-managedStrong analytical and ability to analyze and summarize complex financial transactionsStrong attention to details and Problem solving skillHighly organized with ability to multi-task and work under high pressure deadlinesMust be able to work in a fast-paced environmentState Street's Speak Up Line
